GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

•    Sales: +3.5% to 18,714 million euros (organic: +3.1%)
•    Emerging markets sales growth: organic +6.8%
•    MEA region sales: +3.7% to 1,378 million euros (organic: +5.6%)
•    Strong increase of operating profit*: +8.5% to 3,172 million euros 
•    Excellent earnings per preferred share*: +9.8% to 5.36 euros
•    Double-digit dividend** increase: +10.2% to 1.62 euros per preferred share

20 April 2017 - Dubai, UAE: “2016 was a very successful year for Henkel. In a challenging market, we achieved again new record levels for sales and earnings and met our financial targets for the fiscal year,” said Henkel CEO Hans Van Bylen. “For the first time we reached an adjusted operating profit of more than 3 billion euros.”     

Looking at the current fiscal year 2017, Van Bylen said: “We expect the highly volatile and uncertain market environment to continue. Nevertheless, based on our clear strategic direction, our strong global team and our innovative brands and technologies, we are well-positioned for further profitable growth: For the full fiscal year 2017, we expect organic sales growth of 2 to 4 percent. We expect our adjusted EBIT margin to increase to more than 17.0 percent and adjusted earnings per preferred share to grow between 7 and 9 percent.”

At 18,714 million euros, sales in the fiscal year 2016 reached a new record level and grew by 3.5 percent. Organic sales, which exclude the impact of foreign exchange and acquisitions/divestments, showed a solid increase of 3.1 percent.

All business units reported solid organic sales growth. The Adhesive Technologies business unit achieved organic sales growth of 2.8 percent (nominal sales: 8,961 million euros). Sales in the Beauty Care business unit grew organically by 2.1 percent (nominal sales: 3,838 million euros) and the Laundry & Home Care business unit recorded organic sales growth of 4.7 percent (nominal sales: 5,795 million euros).

After allowing for one-time charges, one-time gains and restructuring charges, adjusted operating profit (EBIT) improved by 8.5 percent to a new high of 3,172 million euros. Reported operating profit (EBIT) amounted to 2,775 million euros.

The Management Board, Supervisory Board and Shareholders' Committee will propose to the Annual General Meeting on April 6, 2017 an increase in the dividend per preferred share of 10.2 percent to 1.62 euros (previous year: 1.47 euros) and an increase in the dividend per ordinary share of 10.3 percent to 1.60 euros (previous year: 1.45 euros). This would be the highest dividend in the company's history and equal a payout ratio of 30.3 percent.

Regional performance: Emerging markets and MEA

With an increase in organic sales of 6.8 percent, driven by all business units, the emerging markets again made an above-average contribution to the organic growth of the Group. The share of sales from emerging markets was 42 percent. 

Organic sales in the Africa/Middle East region grew by 5.6 percent, despite the political and social unrest in some countries. Nominal sales increased by 3.7 percent to 1,378 million euros. The Adhesive Technologies business showed a positive sales performance in the Africa/Middle East region. The Beauty Care business unit recorded a positive development in the Africa/Middle East region and the Laundry & Home Care business showed a very strong sales development in the Africa/Middle East region.

Outlook for the Henkel Group 2017

Henkel expects to generate organic sales growth of 2 to 4 percent in the fiscal year 2017. Henkel expects that each business unit will generate organic sales growth within this range. For adjusted return on sales (EBIT), Henkel expects an increase versus the prior year to more than 17.0 percent. Henkel expects an increase in adjusted earnings per preferred share of between 7 and 9 percent.



Posted by : GoDubai Editorial Team
Viewed 16988 times
Posted on : Thursday, April 20, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Growth of 11.8% in Ras Al Khaimah's Foreign Trade in 2016
Next Story : Links Group: Post-Brexit UK-GCC Free Trade Agreement Set to Enhance UAE's Economy
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
100% Vegan New… Body Yogurts 15 Seconds to Glowing Healthy-looking Skin Spoon It on
Therése Neaimé- Sold to perfection
Linda Paradis brings non-invasive ink removal to Dubai
Timeless Ties
Sony's PXW-Z280, World's first 4K 3-chip Camcorder with new 1/2-type Exmor R CMO...
IKEA announces latest INDUSTRIELL and HJÄRTELIG Collections
Martin Hoping for Amstel Gold as Irishman Leads Team to Ardennes Classics
HP's New High-Performance Workstations Push Creative and Technical Workflows to ...
Tommy Hilfiger's SS2018 men's and women's watch collection
COLAB - Dry Shampoo
Boss watches presents the Ocean Edition
The Chronofighter Grand Vintage by Graham is exactly as big as it appears in the...
Accessories Collection 2018 Gentleman Attitude
Al-futtaim Names Its New Dubai Lifestyle Mall – ‘Festival Plaza'
ORANGE & BERGAMOT Awaken the Cult Icon New Additions
Skyline Mega Fitness Challenge Sparked Positivity and Happiness
MG Motor and Al Yousuf Motors Open New Dubai Showroom
FOREO delivers the ultimate festival survival kit for a glow-on-the-go.
Latifa bint Mohammed visits PCFC's stand at DIGAE, hails state-of-art initiatives
Summertime Beauty Picks at Glambeaute.com
Samsung launches Exciting Smartphone Trade-In Program with Galaxy S9 or S9+
Sony unleashes refined creativity with the new FS5 II
Get the best bargains at Dragon Mart's End of Season Clearance Market
Enhance skin radiance, smoothness and brightness in just 14 days, with the new J...
Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds
Skyline University College Economics Day 2018: One Step towards Tomorrow
A Royal Ramadan Experience by Master Chef Mama in Pullman Dubai Creek City Centre
Indie Film ‘Selfie' Premieres in Dubai
New Blow Out Bar and Make-Up Studio SWISH by Immaclife Opens in Abu Dhabi in Apr...
ETIHAD AIRWAYS BOOSTS SERVICES TO MOROCCO
Rolling Cones, a new luxury ice cream concept, launches at the Hyatt Regency Dub...
Get Vibrant and lively hair with Rahua's new Color Full Range
Finnair to offer a hand baggage only ticket type on selected North Atlantic routes
HONEYWELL TO INSPIRE NEXT GENERATION OF PROGRAMMERS AND SCIENTISTS AT THINK SCIE...
Abu Dhabi Ship Building Company Launches Two 64-Meter Landing Ships for the Kuwa...
Filorga Mesotherapist Derma Roller
Dubai Sports Council Pavilion a big hit at Bangkok SportAccord
Ferrari World Abu Dhabi Takes Home MENALAC 2018 Best Theme Park Award
Penny Scallan Design Launches in the Middle East
New XE 300 Sport Edition Wins Gripping Ice Race
10 Kg gold for 100 winners at Malabar Gold & Diamonds
Olivia Burton Marble Florals - Embrace these styles for a new artistic way to wo...
Mumzworld Announce Recruitment Drive To Empower Women in the Middle East
Sheikh Sultan bin Ahmed Al Qasimi Leads Sharjah Contingent to Kuwait Arab Media Forum
Genesis G70 Luxury Sedan Arrives in Middle East
Qualcomm Unveils the Vision Intelligence Platform Purpose-built for IoT Devices ...
Lingual Orthodontic Treatment now a reality at Al Mariffa Medical Center
Munich Airport reports record net annual profit of €155 million for 2017
Understanding what women want Balmain reveals the Madrigal Mini II
Salem Ahmad Almoosa Enterprises to recognize talent and skills of young Quran me...